Newfield Exploration Company (NYSE:NFX) – Equities researchers at SunTrust Banks lowered their Q3 2017 earnings estimates for shares of Newfield Exploration in a report issued on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the energy company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.54. SunTrust Banks also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $1.98 EPS, FY2019 earnings at $3.45 EPS and FY2020 earnings at $4.07 EPS.

Other equities analysts also recently issued reports about the stock. Barclays PLC reaffirmed a “hold” rating and set a $34.00 target price on shares of Newfield Exploration in a research note on Monday, May 15th. Royal Bank Of Canada set a $54.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Cowen and Company set a $35.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Williams Capital reaffirmed a “buy” rating and set a $56.00 target price on shares of Newfield Exploration in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 target price on shares of Newfield Exploration in a research note on Wednesday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $43.46.

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Newfield Exploration (NYSE NFX) opened at 27.83 on Monday. The company has a market capitalization of $5.50 billion, a P/E ratio of 18.05 and a beta of 1.48. The company’s 50-day moving average is $27.84 and its 200 day moving average is $34.15. Newfield Exploration has a one year low of $25.46 and a one year high of $50.00.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by $0.01. The firm had revenue of $402 million for the quarter, compared to the consensus estimate of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Newfield Exploration by 31.1% in the first quarter. Wellington Management Group LLP now owns 27,063,455 shares of the energy company’s stock valued at $998,913,000 after buying an additional 6,422,891 shares during the period. Vanguard Group Inc. boosted its position in Newfield Exploration by 5.2% in the first quarter. Vanguard Group Inc. now owns 22,916,735 shares of the energy company’s stock valued at $845,856,000 after buying an additional 1,131,263 shares during the period. BlackRock Inc. boosted its position in Newfield Exploration by 2,798.4% in the first quarter. BlackRock Inc. now owns 13,788,511 shares of the energy company’s stock valued at $508,934,000 after buying an additional 13,312,785 shares during the period. State Street Corp boosted its position in Newfield Exploration by 10.3% in the first quarter. State Street Corp now owns 11,470,973 shares of the energy company’s stock valued at $423,392,000 after buying an additional 1,066,743 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Newfield Exploration by 3.0% in the first quarter. Clearbridge Investments LLC now owns 8,865,153 shares of the energy company’s stock valued at $327,213,000 after buying an additional 256,245 shares during the period. Institutional investors own 99.12% of the company’s stock.

About Newfield Exploration

Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.

Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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